Official Neteller Update Thread Part 2

[AvivaSimplex]

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So... should we be signing the release?

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IANAL, but I would strongly suggest not signing the release.

1. You get your money either way. If somehow there's a screwup and you don't get your money, having signed a release can only hurt you.

2. There will be a class action lawsuit. I don't know international banking law well enough to judge the merits of it, but Neteller could be liable for violating terms by prohibiting withdrawals. They might need to pay interest and other compensation for freezing our money. Punitive damages are also possible. Yes, the lawyers will do well from this, but you may also get $100 or more if you had a significant sum locked up.

3. What do you get for signing it? Nothing--just a promise that Neteller won't sue you, which will never happen anyway. If a drunk driver rammed into your car from behind, and then his lawyer offered not to sue you if you didn't sue him, would you agree?

[xxThe_Lebowskixx]

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It's pretty clear they want you to basically agree not to sue them in exchange for getting your money back (it's a good deal you should take it).

Why would they want to have such protection?

Simple, there are lots of "reasons" people would think to try to sue Neteller even after they got their money. Just a few I can think of

1. Suing them for lost interest on large balances, aka "I couldn't get to my money and it cost me thousands in lost interest."

2. Suing them for loss of privacy if you are audited by the IRS "I'm getting audited and it's Neteller's fault because they violated my privacy in turning over my financial records to the IRS.

3. Suing them for "mental suffering", aka "I was so stressed out about possibly not getting my money I deserve compinsations"

and so on.

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LETS FILE A MUTHERFLUCKING CLASS ACTION AGAINST NETELLER

[smartalecc5]

money first plz

[farmslicer7]

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[ QUOTE ]
It's pretty clear they want you to basically agree not to sue them in exchange for getting your money back (it's a good deal you should take it).

Why would they want to have such protection?

Simple, there are lots of "reasons" people would think to try to sue Neteller even after they got their money. Just a few I can think of

1. Suing them for lost interest on large balances, aka "I couldn't get to my money and it cost me thousands in lost interest."

2. Suing them for loss of privacy if you are audited by the IRS "I'm getting audited and it's Neteller's fault because they violated my privacy in turning over my financial records to the IRS.

3. Suing them for "mental suffering", aka "I was so stressed out about possibly not getting my money I deserve compinsations"

and so on.

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LETS FILE A MUTHERFLUCKING CLASS ACTION AGAINST NETELLER

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lets just wait until we get our checks/ETFs please [img]/images/graemlins/grin.gif[/img]

[GrandMelon]

We have to sign the release to be able to get our money back correct?

[PoorLawyer]

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We have to sign the release to be able to get our money back correct?

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no.

I also don't know why everyone is so certain they don't want neteller's agreement not to sue you. If they are liable for damages, they would otherwise have every right to go after the people who actually knowingly requested the illegal transactions against their TOC.

[AvivaSimplex]

Was it against their TOC to transfer to gambling sites?

[coxquinn]

anyone know what time this starts? it's already july 30 GMT

[chopstick]

* NETELLER will issue an email to US members to announce when they can begin requesting funds.

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I eagerly await the first post confirming this email has been sent out.

[jkpoker]

did they say july 30 07 or 08??